Pencil Finance announces $10 million student loan fund, backed by Animoca Brands and Open Campus

Odaily News According to official news, Pencil Finance, a student lending RWA protocol on EDU Chain jointly incubated by Animoca Brands and HackQuest, announced that Open Campus and Animoca Brands have deployed US$10 million in liquidity as loan collateral to promote DeFi student lending on the Pencil Finance platform.
Pencil Finance is a decentralized lending protocol that aims to bring student loan funds onto the chain, thereby revolutionizing the way student debt is repaid. It connects global investors with trusted student loan originators through tokenized loan portfolios.